9200 Presidential Parkway, Upper Marlboro, MD, 20772, US

Westphalia Logistics Center

Eigenschaften

Grundstücksfläche brutto

13,42 Hektar

Anzahl der Gebäude

Gebäudefläche netto

28.428 m²

Baujahr

2027

Gebietsabgrenzung

TAC-E

Risikoprofil

Opportunistisch

Beschreibung

Jones Lang LaSalle, Inc. ("JLL") has been retained as the exclusive advisor to present this joint venture equity investment opportunity for Westphalia Logistics Center (the "Property" or "Site"), a 33-acre industrial development opportunity in Upper Marlboro, Maryland. The Site is ideally situated for a development to provide highly sought after last-mile industrial space into Prince George's County.

At closing the Site will be fully entitled and shovel-ready to develop two (2) state-of-the-art last-mile logistics assets totaling 306,000 square feet (210,000 square feet and 96,000 square feet). Westphalia's projected delivery date of Q1 2027 is ideal to take advantage of increasing demand and steadily increasing rents for infill assets. The Site's irreplaceable location is immediately accessible to Pennsylvania Avenue (Route 4) and I-495/I-95, the economic superhighway of the East Coast. Strategically positioned just 20 minutes to downtown Washington, D.C., 30 minutes to Northern Virginia and 45 minutes to Baltimore, the Property offers immediate access to the DC Metro's world class global logistics infrastructure and strong demographics with 5+ million people within a 30-mile radius of the Site. Westphalia Logistics Center is uniquely positioned in close proximity to both labor pool and potential consumer base.

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Investment-Highlights

LAST-MILE INFILL LOCATION

Located minutes outside Washington DC, this Site presents an excellent opportunity for a last-mile logistics facility. The Site is strategically positioned less than 20 minutes away from Downtown Washington DC and within 15 miles of a consumer base of 2.1 Million people.

SUPERIOR PROPERTY CHARACTERISTICS

Once complete, Westphalia Logistics Center will have “one-of-one” specifications including 36’ clear heights, efficient column spacing, 100% of the door doors fully-equipped with mechanical levelers / seals and bumpers / outlets / lights and an above market trailer drop and vehicular parking ratio. In addition to its state-of-the-art base building features, Westphalia Logistics Center’s zoning required an upgraded exterior design with increased facade windows/glass line ensuring it remains timeless and highly complementary to this infill Town Center location.

QUICK ACCESS TO MAJOR HIGHWAYS

The Property’s advantageous location provides convenient access to highways such as I-495, and major thoroughfares, such as Pennsylvania Avenue (Route 4) leading directly to Washington, D.C. at I-295 and Suitland Parkway, making it easy for tenants to connect to both regional and national markets.

EXCEPTIONAL ABSORPTION MOMENTUM

Prince George's County is positioned to absorb between 5.2-5.7 MSF of vacancy in the coming years with over 1 MSF projected for Q4 2025 alone. This demonstrates high demand and will reduce vacancy rates to 2.5%.